Global Xylitol Market 2017-2021
Xylitol is a natural sweetener that tastes like regular table sugar, which is extracted from woody, fibrous plant materials or renewable resources such as corncobs, fruits and vegetables, and less environmentally sustainable resources like hardwood. Corncobs are a more reliable source of xylitol as they are more sustainable and eco-friendly and are a renewable resource. The use of corncobs as a raw material for the production of xylitol is sustainable since they are disposed of at the end of the season. Additionally, alternate cost-effective sources of xylose, the precursor to the production of xylitol, are being explored by leading manufacturers to optimize manufacturing costs.
Technavio’s analysts forecast the global xylitol market to grow at a CAGR of 6.95% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global xylitol market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Xylitol Market 2017-2021
Technavio recognizes the following companies as the key players in the global xylitol market: DuPont, Cargill, INGREDION, Mitsubishi Shoji Foodtech, and Novagreen.
Other Prominent Vendors in the market are: ROQUETTE, Thomson Biotech(Xiamen), and ZuChem.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing rate of obesity and increased BMI. The change in lifestyle and unhealthy eating habits have led to an increase in the rate of obesity and body mass index (BMI). It has been found that about 18% of the adult population is growing obese with the highest population from the US, owing to unhealthy eating habits and lack of exercise.”
According to the report, one driver in the market is increasing concern for a healthy lifestyle. The changing urban lifestyle has driven the acceptance of healthy living, globally. The growing awareness of consumers regarding a healthy lifestyle has urged them to understand the credentials of the product. Every ingredient in a packaged food product is scrutinized before consumption. This helps the consumers to make a conscious choice regarding the consumption of the product that comes with benefits such as natural ingredients and improved formulations.
Further, the report states that one challenge in the market is intense threat of substitutes. Xylitol can be easily replaced with other sugar alcohols such as sorbitol, lactitol, mannitol, erythritol, and maltitol. Sweeteners such as sorbitol are more commonly used as sugar substitutes as they are more cost-effective than xylitol, which justifies the larger market for sorbitol. Apart from sugar alcohols, high-intensity sweeteners such as saccharin, aspartame, acesulfame potassium (Ace-K), sucralose, neotame, and advantame are extensively used in food products such as confectioneries, soft drinks, powdered drink mixes, canned food, jams and jellies, and dairy products among other food and beverages.
DuPont, Cargill, INGREDION, Mitsubishi Shoji Foodtech, Novagreen, ROQUETTE, Thomson Biotech(Xiamen), and ZuChem.
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